Answering Propaganda

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My Response To a Propaganda Video

Here's the Misleading Video:

"B" as in B, "S" as in S.

Pure and utter misinformation.

There are so many errors in this video that my head hurts.

"Print Money", indeed. Do you really think that (despite them showing the printing presses rolling, as usual) that they are going to "print" $1 Trillion?

No, they are not. They are going to purchase Treasury Securities with electronic bookkeeping entries (don't look surprised, that's how all money is created right now) - driving the U.S. into deeper debt. As if $147 Trillion (documented on the blog listed below) is not enough.

Use caution when you hear people parrot the phrase "print money" or tell you that damn story about Germany; you are about to get misinformed. You have got to ask yourself, why does everyone know that story (misinformation) and NO ONE seems to understand that banks create ALL of our money as debt (loans) and therefore there is no money EVER created in the system to pay the interest owed, thus creating a system that requires continuous and ever growing loans to operate? Why don't people ever know how the system works but they never miss a beat to tell the Germany story? More on Germany below.

You were lied to in college and your smart friend is full of crap like a young crow (gasp! Oh my! What he said! Please, wake up and smell the unpayable interest). Think about it, if they can "print" money why does it drive up the debt? Because they are loaning it out, not printing it up. BIG difference. If you could print your own money, would you be in debt?

Propaganda. Are you buying?

Unpayable interest causes inflation. Interest in the hundreds of percent causes hyperinflation. The interest rate in Germany was 900% (documented on the blog mentioned in this post) and the interest rate in Zimbabwe was 800% the last time it was reported. The overnight lending rate in Zimbabwe was 10,000%. 10,000%!! Do you imagine that you would have to raise your prices several times a day, if you were a shopkeeper with a loan? Of course you would. Interest rates in the hundreds of percent are what cause hyperinflation. In Zimbabwe the banks manipulated the interest rates and refused to make payment for the gold they took delivery of, in order to shut the mines down and buy them at pennies on the dollar – then take the gold, platinum and diamond mines and let them fill with water, sealing them off. Read it on the blog noted in this post. I am not making this up. This was a country righ in natural resources - destroyed by whom? The people? The shopkeepers? They don't set the interest rates. Who does? Who sets interest rates? If you read the work on Zimbabwe, you will find out who ended up with the gold, platinum and diamonds. You will also find out who is starving, in a country that ir rich.

If you want the truth, dig for it here: www.moneyaswealth.blogspot.com

If you want to ape the rest of the "experts" that could not predict this, do not understand what it is, have no idea how long it will last, how much it will cost or how to fix it - go ahead. They are clueless. I can prove it. You will be able to as well. You have to learn the difference, because you're up. It's your turn to fight for your country - fight with knowledge. Grandma can't, and neither can the school kids. Tag, you're it.

When everyone is following economic theory from guys born in the last century who could NEVER have imagined trading debt around the world at the speed of light, what do you expect? These horses of economic theory are ready for the glue factory.

THINK! IF all of our money is created as loans (loan principal)- THEN none of our money is freely available to pay interest - it is obligated as a principal payment.

Hey, you've taken out a loan, right? Did they give you the principal only? Or did they give you the principal AND the interest - so that you could pay them back principal and interest? Nope. Just the principal, right? Where does the interest come from? Where? Don't say "work" or "production" - the banks do not take that as an interest payment. They only take money. Answer: The interest comes from another loan; and you can never borrow yourself out of debt.

EXAMPLE: Me, you and three others in a room. The door is closed. The 4 of you are playing poker - I am not playing. I am the only one that can give you chips. I only loan them out - at interest. I loan the four of you 10 chips each and charge 10% interest. 40 chips are out. 44 are due. No one has dealt a single card and already the debt (44 chips), is greater than your collective ability to pay (40 chips)! Just think it over. It's ok to reread it.

Play on. I'll guarantee that no matter how hard you "work" or what you “produce" you still only have 40 chips. I will only except 11 chips from any one of you, as payment - that's what each one of you owes, right? At least one of you will go bankrupt - GUARANTEED - to cough up the chips so the others can pay me back. The amount of chips will NEVER increase until I loan more out. The group will ALWAYS owe more chips than they have. Always. That’s our economy. As long as a new guy pulls up a chair and borrows 10 chips, it all looks like it will work. But it does not.

This economic downturn, and all of them that we ever have, is as predictable as the poker game describes. And the answer is obvious. There needs to be chips that do not enter the game as a loan.

So, too, there needs to be money in our economy that does not start as a loan. Now, there is NONE.

Minnesota has bills before its legislature that will fix this glitch in the economy. It can be done state by state, is constitutional, will help the people and the banks, will create many, many jobs, will eliminate every single tax that is used for roads and bridges (fuel tax, wheel tax, some property taxes) and is one of the easiest fixes imaginable.

Don't say "it can't be done" - we do what we decide to do. Whether it’s climb Everest, find the Titanic or build an artificial heart. Make it happen. Pass the law. Otherwise your economies are going to collapse and you will have NO money.

Your country's sovereignty could collapse - many countries are already calling for a world currency. More folly. It too will be a debt pyramid and collapse.

The calamity that will be caused by ignorance, pride and greed will be immense.

There is enough information about the solution here for you to understand the problem, the solution and to get involved:

For some answers: Money As Wealth, Read Bottom to Top

If you use debt for money, that means that you have to borrow to pay interest - THINK ABOUT IT. It cannot work.

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A Word From The Crew

To Boldly Go Where No Man Has Gone Before.

Borrow yourself out of debt?  

Illogical.

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Dammit Jim, I'm a doctor 

not a magician.

I can't make money appear to pay interest.

Someone has to borrow it first!

Captain, I can't change the laws of physics!

That means we have to borrow to pay interest on our debt.

We can never get out of debt that way!

I've... got... an idea.

First we... pass HF888 and... SF705.

That... will... monetize... the production... of... infrastructure.

Then... we'll have the money... we need to... pay off... our debts.

The MINNESOTA TRANSPORTATION ACT: 

The next evolution in monetary policy.

 

Retirement? If You Run A Big Business, You Had Better Be Concerned.

Just some food for thought, in case you thought you would retire - ever.

But don't worry, you have Social Security!

LINK

If you think we are in a bit of trouble here, if you think that our elected officials are in just a bit over their head, if you think that you will still need a job, income and the Bill of Rights in the future, drop us an email and we'll tell you how you can help.

Send this blog to BUSINESS OWNERS, UNION OFFICIALS, family, friends, and people who may suspect that there is a problem.

They should help too.

Email to find out how you can help: moneyaswealth@gmail.com

Total Debt and Unfunded Liability Jumps. New Figures.

Total debt = National + Business + Personal

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US Net Worth: $38 Trillion

US Total Debt: $57 Trillion

US Unfunded Obligations: $65.5 Trillion

US Total Money Supply : $7.7 Trillion

I Guess The Cat's Really Out Of The Bag!

Federal Reserve 

CREATES Money 

to Buy Treasury Securities!

READ IT HERE

And no, they are not going to "pump" it in.

What rubbish.

They are buying Government securities, thus increasing the US debt.

So...

1. Our Government creates Treasury Securities - a "promise to pay" from The Government.

2. The Federal Reserve buys them.  Now the Government is in debt.

3. Later, the Treasury Securities mature and the Government has to buy them back from the holder - in this case the Federal Reserve Bank.

4. The Government has no money, it spent it!  So the Government taxes you for the payment and the INTEREST that goes back to the bank.  The same bank that created the money to buy the bonds, on a computer.  "Presto"!  They make it up, you do real work to pay them interest.

5. Stop doing it this way and you can get rid of the Federal Reserve Bank - it's an Unconstitutional monopoly, enslaving the American People, anyway.

6. Stop doing it this way and you will not need to tax the people.  So, no IRS.

Now, if you can see that banks can create money - then pass the law that let's them create it debt free, for the benefit of all Minnesotans.  We get brand new infrastructure for it, jobs and lower taxes!

A common sense solution.  

A simple glitch in the accounting procedure gets a much needed upgrade and we can fix this broken economy.

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Any State with a State Chartered Bank can do this too!

Help Minnesota make this change by sending emails as listed on this blog, 

and we'll show you how to help YOUR STATE!

CLICK HERE TO HELP!

Jim Said:

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Heard today, March 18, 2009 at 3:20 PM on NPR Radio.

"The Fed can create money with a computer keystroke."

- Jim Zarroli, Reporter, Business, New York

Hey Jim, get ahold of me, I have a BIG story for you!

Here's my email: moneyaswealth@gmail.com

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Borrow / Bond / Tax / Bailout / Repeat

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"We cannot solve our problems with the same thinking we used when we created them."

- A. Einstein

A Bold Minnesota Legislator! Representative Bruce Anderson Sponsors Meeting

We Issued The Challenge.

We Are Having The Meeting!

WHAT: Informational Meeting on HF888 & SF705.

WHEN: Thursday, March 19, 2009.  Starts at 9AM (be early)

WHERE: St. Paul, State Office Building, Room 300 North (3rd floor)

ADDRESS: 100 Dr. Martin Luther King Jr. Blvd, St. Paul, MN 55155 (Google it) (MAP)

WHO:  Citizens For Better Transportation and the Minnesota Banking Association will be discussing the benefits of HF888 and SF705.  Minnesota Legislators and The Media Have Been Invited.

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Open To The Public

Please send Representative Bruce Anderson a Thank You!

Here's His Address: rep.bruce.anderson@house.mn

You Are Invited!

This Is Your Government.

You Can Make It Work.

China is Worried.

China to U.S.: "Do not damage the value of Chinese holdings."

China makes stuff - cheap.

The US Buys the stuff with dollars.

China does not spend dollars, it spends Yuan.

So, China, needing to do something with the dollars, enters the US Treasury Securities market and buys Treasury Securities (IOUs).

Now the US is in debt to China, because, when the securities mature, China will want to get paid back - principal plus interest.

That is how we are in "debt to China" or how we have "borrowed from China". 

What happens if the "experts" making decisions about our economy don't get it right and things get worse?  What will China do?  We have $1 Trillion of their money.

What would you do?

What have countries done in the past?

China aborts many female babies and is on a rapid military build-up, including a navy nearly twice the size of Great Britain's. and now, they are considering aircraft carriers.  What do you think they will do with all of those Chinese males and military hardware?

Some say that their building an aircraft carrier would be folly.  Perhaps, but it would inspire other Communist countries and admitted adversaries of the US.

Let's just avoid all of that.

Let's do the right thing.

The Federal Reserve could buy back all of the US debt.  All of it.  Tomorrow.

And maybe they should.

Better they hold it than China.

Once the Federal Reserve holds it, they can "write it off the books".

After all, what would they loose?  Nothing.

They would have simply written a check for it - on themselves!

More electronic bookkeeping entries.

Why Don't We Change It Then?

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Why?

Mother and daughter were making a ham for dinner.

The daughter said, "Mom, why do you cut the end off the ham?"

Her mother replied, "I don't know, Grandma did."

The daughter asked her grandmother, "Grandma, why do you cut the end off the ham?"

She answered, "I don't know, Great-Grandma did."

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The daughter went to the nursing home and asked Great-Grandma, "Great-Grandma, why did you cut the end off the ham?"

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Great-Grandma said, "Well, because my roaster was too small."

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If you always do what you always did, then you'll always get what you always got. You can quote me.  And if you blindly continue to use debt for money, you will always have more debt than money. 

How can you fix this economic problem, unless you first realize that you are just following some tradition that has lived out its usefulness - like, using debt for money! We must be able to get money that is not an interest bearing debt, into the system - and right now, there is no way to do that.

By passing HF888 & SF705, we can authorize State Chartered Banks to fix the glitch in the way we fund infrastructure, and immediately begin to heal our broken economy. As new, debt free money comes in to the economy as final payment for the construction of the infrastructure we need, it will bring a balanced budget to the state, stability to the banks, a boost to the economy and prosperity to the people of Minnesota.

So we could hear this, very soon: "Senator, Representative, why do you only bond and tax to build our needed infrastructure?"

"Well, we used to do it that way, until we learned that monetizing the production of our infrastructure was a far more wise and responsible way to do things.  So we changed it."

That's leadership.

The people of Minnesota would respect a leader that did that. It's the right thing to do.

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"Give 'em Watts Boys!"

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The Battle of Springfield, 1780.

The fighting was fierce.

Pastors would lead the men of their church in drill and marksmanship.

Churches would come under attack.

The men ran out of wadding for their muskets.

Reverend James Caldwell went into the church and brought out hymn books.

Isaac Watts, a hymn writer (Joy To The World) had his hymns published in the books.

Reverend Caldwell ripped pages from the hymn books, to use as wadding for the muskets.

He shouted, "Give 'em Watts, Boys!"

Leadership. American Leadership.

This painting hangs in Washington D.C.

In case pastors, reverends, priests, rabbis need some solid footing to address this issue. Here is a start - in the true American tradition:

NEHEMIAH Chapter 5

PROVERBS 11:1

MATTHEW 21:12, 13

MARK 12:31

EPHESIANS 4:28

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What Does $1 Trillion Look Like?

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CLICK HERE to find out.

We are over $143 Trillion in debt.

Do you really think that we can borrow our way out?

We can change this, starting now.

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Support HF888 & SF705

HEAVYWEAGHT DEBATE CHALLENGE!

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The 

MINNESOTA ECONOMIC POLICY INSTITUTE

challenges

The Banking Lobbyists at the MN State Capital

to 

A Debate

At issue:

1. Do banks create money?

2. Is it possible for the United States to get out of debt, under a debt money system?

3. Can we borrow ourselves to prosperity?

4. Can you borrow so much that the interest due exceeds your ability to pay?

UPDATE - 3/20/09:

The lobbyists showed, tried to start an argument before the meeting - about the invitation.  No joke.  They sat and talked throughout the presentation, typed on their Blackberry, rolled their eyes and were generally rude.  Then they got up and left.  They would not speak.  They would not answer any questions.

Question

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If one could create money as a "promise to pay" (banks do) and influence an entire legislative committee with misinformation, just exactly how much power would they have?

Fair question, right?

Now, if one could do this with a single unelected lobbyist from the banking industry (it happened at YOUR State Capital, I saw it myself, I have the transcript) - how much freedom do YOU have?

You had better fight for what's right, or you will lose everything by default.

We can still fix this, but, you have to show up.

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Lessons From History

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What Can We Learn?

Every single nation, that has gotten involved with a debt money system, has met with ruin.

Yours can be no exception.

We must make a change.

Commentary

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Ambition: A strong desire to do or achieve something, typically requiring determination and hard work.

Greed: Willing to harm or destroy another, to get what you want.

The people of Minnesota, like the rest of the world, are surrounded by the greedy, the weak, the fearful, and the deceitful.  

The weak will stand by and do very little.

The fearful will be intimidated by the opposition.

The deceitful will sow lies and corrupt common sense.

Meanwhile, the greedy will destroy your country for profit. 

Do you stand by and do nothing?  Do you wait for some other American to do the work of Liberty?  You're up.  It's your turn. Who are you?  What will you DO?

If you simply "go with the flow" you will find yourself washed up downstream.  What are you personally doing to SECURE THE BLESSINGS OF LIBERTY TO OURSELVES AND OUR POSTERITY?

Only an ambition for LIFE, LIBERTY and THE PURSUIT OF HAPPINESS - only an ambition for doing the right thing, can overcome the situation that we find ourselves in. 

YOU

MUST

ACT

We have made it easy for you to do something BIG.  

CLICK HERE to find out what you can DO.

Moses Receives GAAP

Headline: MOSES RECEIVES GENERALLY ACCEPTED ACCOUNTING PRINCIPLES

These rules, written in stone, were received from on high and can never be altered or changed for the benefit of the citizens of Minnesota... ever.

Wait.  Those are the 10 Commandments, not the GAAP.

Whew!  Well, it looks like, since the Generally Accepted Accounting Principles are not written in stone, and instead are man made, we can adjust them so that they work better for the people doing the work.  Don't you agree?

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Don't Worry - Be Happy

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We Guarantee It!

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FDIC Insolvent This Year?

What happens then?

If you are in a leadership position, don't you think that it's time to act to fix this, not just put a debt band-aid on it? Elected official, business leader, union official, academic, religious leader, husband, wife, student, voter, you need to understand the effects of a debt based money system and immediately move to bring about a wealth based money system, before you lose everything. Stop wasting time.

This Just In:  Let's Borrow Some More!  $500 Billion to FDIC.

We can fix this, by funding an infrastructure rebuild directly, starting with Minnesota.

Contact us to show you how.

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We need passage of SF 705 & HF 888.

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On The Radio - AM 1280

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Look for an interview with the

Minnesota Economic Policy Institute

(MNEPI)

Sunday, March 8, 2009

7PM

AM 1280 <-- LIVE STREAM

on

Jeremy Payne's

Beyond The Left Right Paradigm

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They will be discussing the bill.

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CLICK HERE TO HEAR THE INTERVIEW!

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Well - Borrow Some More Then!

And you will pay this off, how - exactly?

Every move they make increases our debt.  We need money that is not debt!

HF888 & SF705 will fix this.

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Keeping It Straight

Just Click the link and slowly take a look at the numbers and where the money is going.

It appears that the "Pledges" are now $11.6 Trillion.

HERE'S THE LINK

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"Plain, Decent, Everyday, Common, Rightness."

Sometimes, you just have to watch this.

From

1939 Academy Award Winning Film

Mr. Smith Goes To Washington

If you don't work to leave our country a better place, 

but instead just get all that you can get, 

who are you?

What have you become?

What will you really end up with?

"For what shall it profit a man, if he shall gain the whole world, and lose his own soul?"

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So, Then, It Can Be Done.

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Heard Today, February 26, 2009.

U.S. Representative Miller from North Carolina was on television today where he said:

We will "make the banks do it."

So it appears that Congress can make changes to the banking system, by changing the law.

How about making a small change that can benefit the entire country, starting with Minnesota!

Pass HF888 and SF705   

Myth and Make Up

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Q: Where do Bonds come from?

A: They make them up.

Q: Where does the money come from to buy the Bonds?

A: Electronic bookkeeping entries, loaned at interest.  They make that up.  It adds to our debt.

Q: Where does the money come from to pay the increased taxes to buy back the bonds when the bonds mature?

A: Electronic bookkeeping entries, loaned at interest. They make that up.  It adds to our debt.

Q: Regarding the money to pay off the mature bonds, where does the money to pay interest on that payoff money, come from?

A: Electronic bookkeeping entries, loaned at interest. Yep.  They make that up too.  More debt.

There are many myths about how they "make up" money. Here's the truth:

If money exists - at all - it has to be created.  Now, without making a needed change to our current system, that means it has been borrowed somewhere in the economy by a person, business or government.

Once it's created (borrowed), you may end up with some of it, by "capturing someone's loan principal" through commerce (you work for it or you sell something).  So, to you, it's not borrowed money - but someone still owes that money. 

Therefore, all money in our system is a debt obligation to someone.  All of our money is debt.

That's not pretty.  We should change that, don't you think?

Support Passage of 

HF 888 & SF 705

Policy of Self Destruction

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Brain Dead...

Beg For Money From The Chinese, When We Can Create Our Own.

READ IT HERE

Cover your ears if you get a bit queazy around the truth.

Hang your head if you are a elected official and you don't fix this. Our Government should never be borrowing money - it can create it's own! Check Article 1, Section 8 of the U.S, Constitution.

What do you expect? Should we applaud this destructive act of financial idiocy?

If you are a talking head in the media and do not pick up on this bill, how could one say that you are not be part of the problem?

Minnesota has the most robust answer to this economic fiasco.

Demand passage of SF705 and HF888

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Why Desalination Plants Should Be Funded - Now.

California Rationing Water To Farms!

California, listen up.

STOP!

Stop rationing water to farms.

That is insanity. 

Famine follows drought.

The farms in this country better be rolling at peak efficiency - and that means they need water.

Why are we rationing water? 

Because our "leaders" lack imagination, vision and guts.  It's always easier to do what you've always done.  And that is just what they are doing. After all, "I can't do anything new or different - what if I'm wrong??"

Deploy new ideas before the perfect storm of short on money, short on water, unpayable debt, giant trade deficit, growing unemployment, decreasing revenues, and broken financial system hits all at once.

Most calamities are a combination of errors and malfunctions.  We should be moving to avoid this - not doing the same old thing.  Trying to borrow our way out of debt is the same old thing. 

We need clean water to live.

Our farms need it to grow food.

Are we short of water?  No.

How much water do we have? 70.78% of the earth's surface.

Of course much of that is salt water.

We can deal with that.

Or, are we just short of money?

The US Constitution recognizes Congress's power to create money - debt free - for infrastructure. Banks create money every day, except they do it as a loan. That always makes things worse. With passage of SF705 & HF888, Minnesota would allow State Banks to create debt free money for infrastructure. Tax free, interest free, inflation free.  The debt and tax load would not grow and the people of Minnesota would have modern high tech infrastructure that would be the standard for the world to follow.

Demand that our legislature make the changes that we need so that we can fund these most obviously necessary infrastructure enhancements. Our state and our country will be wealthier for it!  Jobs will be created, households, business, banks and farms will be stabilized. We need a back up system for water and the US could export technology in this area. 

How dry is it? CLICK HERE

UPDATE

The US should adopt a Desalination Project and directly fund arrays of desalination plants on both coasts and in the Gulf, onshore and offshore, using the principles of the MTA. 

This is a matter of National Security.

If you don't like the level of technology that is currently available - fund development.

We need to break ourselves of the cult-like mentality of "we can only do what the banks allow" and "we can only go as far as we can borrow".  Dump the borrow mindset, when it comes to infrastructure. Instead, monetize the production of infrastructure. That way, the more we improve our infrastructure by producing wealth, the wealthier we become, as new debt free money flows in to pay for this new asset. Instead of like we do it now - the deeper in debt we become.

Cult members will often follow blindly - to their own destruction. Break free from the mental bondage that will only allow you to think of money that is borrowed.  

Minnesota can lead the way by passing The Minnesota Transportation Act. This will allow State Chartered Banks to correct an accounting glitch and allow for the State of Minnesota to fund infrastructure rebuilds directly, in lieu of taxes or bonding.  No money shortage.  No waiting for Federal Funds.  No encroachment on State's Rights.

If you do nothing and our economy is slow to recover or worse, and we have a bad year or two in the fields - who will you blame?

ABOVE: Concept of a near shore Desalination Plant

Tampa Bay Desalination Plant

Find out how you can help - your future depends on what you do today.

Email to find out how you can help: moneyaswealth@gmail.com

CAUTION!

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Beware.  

There Are Talking Heads In The Media That Can Mislead YOU.

Most of them are just ill-informed.

Some of them are just trying to figure things out.

Some might be doing it with intent.  Intentionally telling lies. 

In the end, it does not matter.

I am not concerned with their motivation or intent.

Here's how to identify those who mislead.  How to tell when you are being misinformed.

MISINFORMATION ARTISTS have a language.  If you hear these things, beware of the tainted information:

1. "Print Money."  

If they are talking AT ALL about printing money - disregard their information.  Paper currency is printed.  Very little of our money is paper.  The VAST majority of it is electronic bookkeeping entries.  The game takes place in computers - at the banks. After all, if they just print it, why does the debt grow?

2. "Too Much Money."

If they say that inflation is caused primarily by too much money, they are misleading you.  The problem is not too much money.  The Problem is too much debt.  

3. "Wheelbarrow full of money."

Those who mention this are prone to parroting slogans and myth.  It did happen in Germany and is happening now in Zimbabwe.  Scan this blog to find out why.  It's not why they say it happened.

4. "Hyperinflation" Without Discussing Triple Digit Interest Rates 

Same as #3.

5. "Banks Don't Create Money"

At least false.  At worst a lie.  Banks do create new money every time they make a loan.  If they say "banks don't create money" or "banks loan out depositors money", they are misleading you.

Beware of myth and misinformation.

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Oz and the Solution

Hot Off The Press!

You Have Got To See This.

QUOTE

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

-Thomas Jefferson

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